In this file:

 

·         Walmart resumes counting customers in stores and grocers reinstate limits on toilet paper as coronavirus cases surge

·         Walmart expects $2 bln non-cash loss from stake sale in Japan's Seiyu

 

 

 

Walmart resumes counting customers in stores and grocers reinstate limits on toilet paper as coronavirus cases surge

 

o   Walmart beginning Saturday is resuming monitoring and counting the number of customers entering its stores, as Covid cases surge in the U.S.

o   Dating back to April, Walmart has been restricting the number of people in its big-box stores to not exceed five customers per every roughly 1,000 square feet, or about 20% of a store’s capacity.

o   For a period of time, however, the biggest retailer in the United States had stopped physically counting people as they came inside and left.

o   Grocers like Kroger, Wegmans and Publix have also reinstated buying limits for items like toilet paper and hand sanitizer.

 

Lauren Thomas, CNBC

Nov 14 2020

 

Walmart beginning Saturday is resuming monitoring and counting the number of customers entering its stores, to make sure it doesn’t exceed capacity limits, as coronavirus cases surge at record rates across the country.

 

Dating back to April, Walmart has been restricting the number of people in its big-box stores to not exceed five customers per every roughly 1,000 square feet, or about 20% of a store’s capacity. Those levels can also vary based on local mandates, the company said.

 

For a period of time, however, the biggest retailer in the United States had stopped physically counting people as they came inside and left.

 

“We know from months of metering data in our stores that the vast majority of the time our stores didn’t reach our self-imposed 20% metering capacity,” a Walmart spokesman told CNBC in an emailed statement. “Out of an abundance of caution, we have resumed counting the number of people entering and leaving our stores.”

 

The move comes as America continues to push new Covid records. More than 68,500 are hospitalized with Covid-19 across the country, more than at any other point during the pandemic, according to data from the COVID Tracking Project, which is run by journalists at The Atlantic.

 

And cases continue to rise. Over the past seven days, the U.S. has reported an average of over 139,900 cases per day, up more than 35% compared with a week ago, according to a CNBC analysis of data compiled by Johns Hopkins University. The seven-day average of daily new cases has hit a fresh record everyday for at least the past ten days, Hopkins data shows.

 

Major grocery chains have now started reinstating purchasing limits on certain items...

 

more, including links 

https://www.cnbc.com/2020/11/14/coronavirus-walmart-resumes-metering-customers-in-its-stores.html

 

 

Walmart expects $2 bln non-cash loss from stake sale in Japan's Seiyu

Walmart Inc said on Monday it sees a non-cash loss of about $2 billion after tax, in its fourth fiscal quarter due to a sale of a majority stake in Japanese supermarket chain Seiyu.

 

Uday Sampath, Reuters

via Nasdaq - Nov 16, 2020

 

Nov 16 (Reuters) - Walmart Inc WMT.N said on Monday it sees a non-cash loss of about $2 billion after tax, in its fourth fiscal quarter due to a sale of a majority stake in Japanese supermarket chain Seiyu.

 

The retailer also said it does not expect a significant impact to earnings per share following the close of the sale to investment firm KKR...

 

more

https://www.nasdaq.com/articles/walmart-expects-%242-bln-non-cash-loss-from-stake-sale-in-japans-seiyu-2020-11-16